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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Over 800K Investors Lose Over £1.61B on Trump Meme Coin as 31 Early Traders Netted £540M

Donald Trump Crypto Chainalysis
New York state regulators continue to warn investors about crypto pump and dump schemes. (Credit: AFP News)

US President Donald Trump is spearheading the cryptocurrency industry and even launched his official meme coin, $TRUMP, just days before his inauguration last month.

The $TRUMP meme coin soared over 1000% in days to £60 before steadily declining to hover around £12.93 today.

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